The DBAA provides for an effective exchange of information between tax authorities, including banking information. i. an airline designated by the Government of that State under the August 3, 1967 agreement (modified or revised from time to time) between the Government of India and the Ethiopian Government regarding air services; or (ii) an airline authorized by the state government to carry out charter flights between or outside their territory, through a general or special agreement between the two States Parties; May 31: On May 25, 2011, India signed an agreement with the Federal Democratic Republic of Ethiopia to avoid double taxation and tax evasion on income tax. The treaty was signed by the Indian Foreign Minister on behalf of the Indian government and by Mr. Sufian Ahmed, Ethiopian Minister in the presence of Indian Prime Minister Manmohan Singh and Ethiopian Prime Minister Meles Zenawi. The agreement would also allow for an effective exchange of information, including bank data, and assistance in collecting taxes. It contains provisions to combat abuses to ensure that the benefits of the agreement are used by the genuine inhabitants of India and Ethiopia. The issue of dirty money and tax evasion has become a serious issue in recent years, following cases of Indians allegedly hiding money in hidden places abroad. Dezan Shira Associates is a professional services company for foreign direct investment, consulting, accounting, accounting, salaries and diligence for multinational clients in India. To contact the company, please email firstname.lastname@example.org, visit www.dezshira.com or download the company brochure here. I am grateful that Your Excellency confirms your agreement on the above position and that, in this case, this note and the response of your excellence are considered part of the previous agreement.
India has entered into eight limited agreements to facilitate double taxation with the following countries: Excellence, by reference to the convention that today pits the Government of India and the Ethiopian government against the prevention of double taxation of corporate income, I have the honour of declaring, on behalf of the Government of India, that, although the above-mentioned agreement provides for the exemption in the two contracting states of the revenues received by a company of the other State party as a result of the operation of aircraft in international traffic after 1 July 1966, the two States Parties have agreed that India has signed dual tax evasion agreements (DBAA) with the majority of countries and limited agreements with eight countries.